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CNBC
Feb 6, 2013 12:00am EST
. >> for example, the laptop would come pre-charged with all of the energy that you would ever intend to use. >> automobiles? >> same. [ticking] >> they've constructed one of the largest, most sophisticated machines ever built to try and replicate what the universe was like just a few nanoseconds after it was created. >> why do you want to do that? >> why wouldn't you want to know that? >> well, you'd want to know it, but, you know, spending $8 billion to find out, it must be important. >> we can understand how to take the light that bounces off of me and you, into that camera, and put it into mom and pop's living room. now, imagine in 10 years, 20 years, we would be able to take, instead of our photons, me and you, and put them in mom and pop's living room? >> transport people. >> you tell me. is that worth it? [ticking] >> [speaking french] >> what began as a small, understaffed, ill-equipped clinic in 1985 today has 100 inpatient beds, an array of specialists, and three operating rooms. they have nearly 2 million patient visits a year. >> [speaking french] >> how many lives, do you th
CNBC
Feb 7, 2013 6:00pm EST
action alerts. here's a message from from @trimprobrandon. what's the deal with k key energy. i'm fresh out of energy and trying to diversify with an oil that has a great peg rate. here's the problem with key. it's one of the largest service companies that are out there. for oil service. hate as lot of natural gas and the natural gas drill has been cut dramatically in this country. once natural gas prices go up, key goes up. on the anti-fracking stories i understand the companies are using waste water to pump the fracking fluid with. you can imagine waste water how is the epa going to fight that? apparently the waste water is cleaner when it is done. that's a story that involves heckman. that's a waste water company if you want to go into a service company with more risk, but certainly more reward. now, he's another tweet fr from @jg, it says can we tip a toe into petri bra yet? i had to reflect on the fact that pbr is my favorite beer. i like it on draft, i like it in cans. pbr is a stock, it's at 16. it has been horrendous. it seemingly goes down week after week. yet it still has a $1
CNBC
Feb 6, 2013 7:00pm EST
energy industry, trying to do more in the car industry, trying to take over the health care industry. >> can i just interject? you see the problems between government has mother may i decisions over the economy. >> it has nothing to do with the obama administration. the problems of the post office go back way before president obama existed. the reality is it's an inefficient organization that has to answer to the government to make decisions. the problem is people aren't using the post office. >> let me make a quick point. first of all it's not inefficient. >> you're right. i don't mean inefficient. >> i know what you mean. 50 cents you can send a letter wherever in the universe. >> that part is efficient. you're right. >> i want to make a supporting argument here. i disagree that it is sentimental. there is a famous video of claire mchaskill longing for the days of getting mail. >> the senator? what's the story with her? >> jon stewart ripped her to shreds. >> the point that's valid is we are big city folk. in the smaller, rural parts of the country and you can speak to the congress
CNBC
Feb 5, 2013 1:00pm EST
, buy ahead of earnings. >> buy toll. >> virtual, doc. >> gap stores, 34. >> long ieo and energy player etf. i think it goes higher. >> that does it for us. don't forts to catch more fast at 5:00 p.m., follow me on twitter and scott wapner cnbc. "power lunch" starts right now. >> indeed it does. welcome to "power lunch," everybody. bulls, large and in charge. the dow trying to wipe out monday's triple digit loss. we have two breaking news stories this hour. president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to
CNBC
Feb 4, 2013 1:00pm EST
suck up every ounce of energy pip never want to have to be in the same room as beyonce. >> wait she strutted on stage, that is just like michelle coming on to the set. she does have a strut, michelle caruso-cabrera does. i will say that for sure. the nfl says that is not the case, she doesn't cause it. but if there was a power surge and it sucked up energy and then it was gone, maybe there was something to it. but the nfl, as of an hour ago, said she did not have anything to do with it. >> i thought it was beautiful, camera work was just amazing. it was the cam ro work i was paying attention to. sue, help me. >> i'm sure 2 was, ty, absolutely. >> let's talk about clor ox, shall we? strong quarter for that company. stock at historic highs. soundly beating estimates because the severe flu season boosting sales of disinfectant wipes. stock up about 1 1/3 percent. clor ox's ceo will be on here on cnbc. >> and. man behind the broadway hit "the lion king." car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires
CNBC
Feb 1, 2013 9:00am EST
. not in things like education and energy and that's the only sign of inflation. but to joe's point, i think the fed can back off on what they've said if in fact we've seen them pull back. they can walk away from the 6.5% unemployment target and wind down quantitative easing in a much more rapid pace. i think that's a step in the right direction, so it doesn't have to be a train wreck. this could be a gradual pullback of easing where interest rates start going up in the first part of 2014. >> we've been talking about pulling this band aid off for so long. carl, it's like housing, though. schiller wrote a piece in the journal, they said it lasted five years. that was painful. but boy, when it reversed, it was more painful than that time with which you're waiting for it to happen. >> joe, art, thanks, guys. good stuff. >> thank you. >> trading debut here at the nyse today. becoming the largest ipo from a u.s. company since facebook. shares of zoetis is trading at $26 apiece. it's the only way to play it in a pure way, because the other animal medicine companies out there owned by larger
CNBC
Feb 4, 2013 9:00am EST
think these stocks have gotten beaten down over the last couple of years. this is tech, this is energy, this is big cap, industrials, these are stocks that have basically been -- that have gotten cheaper over the last couple of years, around fears of a global recession, around fears that the rest of the world isn't as strong as the u.s. today, i think that it's time to really reverse that trade and go back into some of the more globally geared gdp sensitive stocks that are cheap, they're underowned, and it looks like the global economy could actually outpace the u.s. this year, and for the next couple of years. >> savita we talked to a bunch of strategists this year who are, i would say, aggressive to -- i mean, mixed in terms of their defensive nature regarding sector allocation, that they might step on the accelerator later on in the year once we get past some of the d.c. deadlines and go more cyclical, go more economically sensitive. would your advice be to err on the side of aggressive? >> i think it's -- there's no better time to do it than now. the reason is that, you know, i thi
CNBC
Feb 5, 2013 6:00am EST
biggest game. the ceo of energy company nrg is going to join us with more. no power problems here as we fire up the lights on the "squawk" set and get ready to make you money. the second hour of "squawk box" starts right now. ♪ >>> good morning, everybody. i'm becky quick along with andrew ross sorkin and steve liesman. joe is off this week. get this, yesterday was the worst performance for the markets since 2013 began. this morning the futures are pointing to a big rebound in the markets. you can see right now the dow futures up by 93 points. s&p futures up by more than nine points. yesterday, they gave back about 129 points for the dow. so at this point it looks like we are starting to see some sort of a big rebound, maybe taking back all that ground it lost yesterday. the dow, in fact, starting off this week as we mentioned with big sell-off. there were renewed concerns out there about europe and some profit taking, as well. the dow actually finishing below that key 14,000 level yesterday. mutual fund pioneer jack bogle spoke with us yesterday on the program and he said individual
CNBC
Feb 8, 2013 3:00pm EST
and small caps, materials, energy, emerging markets. price-wise those have to leave the market higher. until that's the case and that's not been the case the last couple of weeks, every single move higher has been suspect. >> we're in this period here and you and i have talked about it this week about why the wields have not gone appreciably higher. but you have oil that's just skyrocketing right now, especially gold stagnant right now. what are the markets all telling us now in your view? >> what's the message there? >> the wti brent spread has widened out rather dramatically. interest rates on the week are down seven. josh is right. if you look at interest rates you get a different picture but i'll tell you what, bill to. me it's the beginning of the year. the biggest banks have a very cozy relationship with hft and hedge funds giving them a lot of the leverage that they need, forgetting the retail equity traders. they are not lending to their traditional customers, and i think that is just the perfect blend. can markets go down in the interest rates and down in price and up
CNBC
Feb 5, 2013 12:00pm EST
to push both of these stocks higher. >> joy, anadarko. >> love it, great beat, energy flies under the radar, 82, probably gets to 85. >> panera. >> looking at panera, the company is going to announce earnings later today. i don't see jumping in front of the earnings release. you've seen what happens to competitors like a chipotle. with panera, if you want to own it, wait for the the earnings release. if everything is great, everything on the upside. if you miss, a much better entry point. >> josh, avalon bay. >> this is a really tough stock here. it's been such a huge winner, obviously a quality company. it's been slaughtered over the last week or so, piled on with a downgrade on evaluations today. now we've got a company with a 3% plus yield, still some growth here. technically it looks broken. gun to my head, i would say hold off before buying. >> okay. final trades up next after this short break. [ male announcer ] when it comes to the financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members an
CNBC
Feb 7, 2013 9:00am EST
gainer on the energy complex, brent crude, looking at brent like it wants to get above that $118 level, 4 1/2-month high now, continue to watch what is happening with iran and the fact that iran has backed away from earlier this week saying it may consider having direct talks with the u.s. that reintroduces the risk premium into the oil market. we are also keeping our eye on saudi production. the latest figures seem to show that saudi production is around 9 million barrels per day in january, the same as december, but that is stale reduction from what we have seen and it is the lowest level we have seen in about a year and a half that is also supportive of brent crude prices. keep your eye as well on gold. gold continues to follow the euro lower. back to you, david r >> thanks very much, sharon epperson. >>> yesterday, of course, talking about two large deals, the leveraged buy out-of-dell and liberty global's plan to buy virgin media. jim had brought up at the time as well, hey, signs of confidence, certainly it is that. it is also a sign of cheap money and something that is wor
CNBC
Feb 1, 2013 6:00am EST
we are very good at extracting a form of energy in the middle part of the country that we don't like to -- that gives manufacturers a comparative -- >> i can't imagine that that's not going to be the thing -- all these other things. there's always something that offsets some of the negatives and i can't believe that's not going to be a powerful thing for us in the future. >> i think so, too. that's how we get to 2.5 demographics are going to be a drag. >> i'm being interested in your perspective. we're not talking about our clients about small businesses. a lot of bentup demand. we've been kind of sitting on our hands for four-plus years now, because of all the uncertainty, you know, in the environment there's still a lot of uncertainty. if we had positive leadership out of washington, and some of the uncertainty went away. don't you think there could be a mini boom here trying to replenish some of the inventories, equipment and technologies that have not been invested in? >> absolutely. that's the upside riz k to the forecast. >> we don't call 2.5 a surge, vince. >> no. upside risk
CNBC
Feb 7, 2013 7:00pm EST
kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> we're back with ann coulter, mark hanna and peter suderman. obama awl on night of benghazi attack. they had a 5:00 p.m. meeting, nobody heard from the president after the 5:00 p.m. meeting. the whole benghazi business lasted at least seven hours. now it turns out in other news reports today that there was no hillary clinton from the state department, which is her jurisdiction. panetta didn't talk to the president, panetta didn't talk to hillary clinton. i don't know who he talked to. all i know is nobody saved the four people, we didn't see any american force. what's up with that? >> and it's long after the presidential election has run. i mean, you really wonder if democrats would win any elections if we had an honest media in this country. this is really getting to be a problem.
CNBC
Feb 5, 2013 3:00pm EST
so much. >> we've got the financials, the consumer stocks and energy stocks, pharma, food, a healthy rally but can it last going into the final hour in the dow right at 14,000, up 123 points. >> well, last month retail investors put a record 39.3 billion into mutual funds and etfs. here's the bad news. the previous record inflows came at the height of the technology bubble. what does that mean in terms of heading for the exits? is it different this time? we're going to check out the retail behavior. >> also. washington already has enough trouble getting things down these days. now the s.e.c. is literally being handcuffed, really, by what it can and cannot do because of conflicts of interest. i'm picturing the entire s.e.c., why that's undermining enforcement and maybe going to cost you some money next. we'll look at that very important. >> and will dow component dissly fuel the legs of this rally? that news after the bell and ceo bob iger is here live and breaking down the numbers live in a first on cnbc interview. that's today live at 4:20 p.m. eastern. but we can still help you see
CNBC
Feb 6, 2013 2:00pm EST
months. you had nrg energy, 200 percent increase, 200%, seeing nasdaq, and 200% up. starwood hotels up 10.8%. which gets to the next big dividend, small gains. take a look at american tower. 109% increase. 5% gain in the stock price. saic, 3.5%. limited brands up 2.3% and by the way, s&p 500 over that period of time up 8% or thereabouts. here is where it gets interesting and you get the big dividend yields. how the stocks with the biggest yields in s&p 500 doing? look at that. pitney bowes which some people say it is a company like watching ice melt. look, down 2.9%. limited brands in there again. 10.5% yield. 2.3%. and windstream, you can see the trend. >> the hog a moment ago, harley-davidson, coming out with an increase in dividend, generally companies like hog, how do they do the day after? like 24 hours later after an announcement -- >> today the stock is up, what, about a half a percentage point. that is across the board. when you look at it wlb it is the first day or you go through the whole list, you know, it is a case by case situation. and it is some of the companies you h
CNBC
Feb 7, 2013 6:00am EST
we need to have, fiscal restraint. reform and education and energy and so much else. who the next president is is very important. i think there are a number of very good democrats to carry that. >> carry the torch? okay. bob rubin, thank you for being here this morning. >> you're more than welcome. >> come on back. we've got to do this more frequently. >> okay. >> i've got to try. coming up we have breaking economic data around the corner. closely watched weekly jobless claims and fourth quarter productivity numbers at 8:30 eastern. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to
CNBC
Feb 5, 2013 9:00am EST
check out the latest news in energy in metals. sharon? >> jim, we're looking at oil prices climbing back up after yesterday's slide. and we're watching not only the oil market recovering here, but gasoline futures gaining ground as well. in fact, we're looking at gasoline futures again that are posting because of what we're seeing for the retail price, another gain that right now puts the retail price at the highest levels that we've seen for this time of year. we had an overnight increase of a penny to $3.53 a gallon for the national average. but as mark zandy points out, when we're talking about the economy, it is meaning a lot to consumers. every penny increase in the price of gasoline will cost consumers about $100 million a month. on top of the higher tax bills that a lot of consumers are facing right now, that's going to be a serious debt in their wallet. back to you. >> thanks very much, sharon epperson. did want to talk about a potentially huge deal. i'm not talking about dell, i'm talking about virgin media. it's a company that operates largely broadband over in the uk. you
CNBC
Feb 6, 2013 4:00am EST
on right now. you know, the whole natural gas and kind of the united states energy story. housing is starting to come back. all this cash that's sitting on the sideline, you're seeing it starting to really come into the market as people are afraid to miss the next bull leg because there's so much been stuffed in the mattress. those are things to think about from a longer term point of view. when people think about their retirement money, not their trading money, if you will, now's the time to really start lagging yourself into the market. you're not going to pick the best days or the worst days if you can just continuously come out and play a little bit. >> what about, ken, the sequester -- we have coming up potentially the sequester. we know there's been a builds delay. that again, but continuing resolution here over government shutdown. some of the fiscal cliff issues basically still haven't been resolved here in the u.s. we know growth in the fourth quarter, you know, frankly negative in the first quarter, probably not all that great. so why isn't this doing more to spook inves
CNBC
Feb 1, 2013 1:00pm EST
five years. but how does exxonmobil and chevron, two down energy stocks, and what is their impact on the move. josh lipton is with us. hi, josh. >> each sector has had a different role in the push it 14,000. first up, exxon which beat expectations on the bottom line on strong results and its chemical and refining businesses. but the oil giant also told us that it produced less oil and gas than it said it would back in march. stock right now, basically flat but since the peak in 2 thu 7, energy giant is actually down about 3% of the 880-something point we tacked on in 2013. exxon only contributed 26 points. then chevron, better than expected fourth quarter earnings as its refining business boosted profits. stock right now showing modest gains. but a better long-term story here. chevron is actually up about 24% since october 2007 and has added 60 points to this year's surge. worth noting, the role of the energy sector has also played in this broader rally between 2009 and 2013. energy lagged one of the reasons for nervousness last year, investors anticipate a big correction in the pric
CNBC
Feb 4, 2013 12:00pm EST
market sentiment. no one mentions energy. energy is leading the markets higher this year, close to 9%. it is not on anyone's radar, not on an overweight basis. stiffny g stephanie got into oxy. i would look at energy on any dip in the overall market. >> why is energy getting no love when you have oil about 100 bucks? >> there is a disconnect between pricing itself and the earnings performance of the companies. energy equities are outperforming the pricing and folks focus incorrectly on spot pricing. >> coming up on half time, the busiest day of the year for upgrades and downgrades. are the calls right on the money? our traders will weigh in. >>> google is pulling back after a 40% move higher since mid-june. is it still the best tech stock to own in 2013? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform
CNBC
Feb 6, 2013 6:00am EST
and so much electrical, as well as fiber and data demand, is that we worked with excel, the energy company, to make sure that not only do we have backup, we had backup upon backup because this is reflective for people saying what happened as opposed to everything going the way it is. >> good. can you imagine if that event, there would be blackout all over the world, what would they have said about american on infrastructure. it would have been horrendous. >> that's right. that's right. >> how is commercial real estate? >> well, you know, the construction industry as a whole has been dragging. residential in particular. but we see a turn now slowly in the residential market. and the cyclicality of that is commercial always follows residential. and we're seeing some uptick. you look at the american institute of architects and the associated general contractors, we're optimistic that it may not be a big spike, but maybe somewhere between 5% to 7% increase. i think a lot of that is because the banks now are lending. and some of the projects that were delayed are not done was because of
CNBC
Jan 31, 2013 11:00pm EST
, the energy sector. so far in 2013, it's the leader, it's up 8%. sure, oil's increased in price this year, but that's not what's really behind the energy move. no, it's the astounding renaissance of the american oil industry. where we keep finding more and more oil and gas, and the companies doing the findings keep going higher and higher in price. just think about what core labs, the company with the technology behind finding so much new oil in old places said last night, last night right here when it detailed its quarter. a quarter that by the way drove the stock up $10.44 to finish today, core told us there could be not one, but two gigantic oil fields in this country we don't even know about, the size of the bakken and eagle ford, the two shales that have made the pipe dream of north american energy self-sufficiency into a reality that we could see in just a couple years time. could you imagine? i think america's oil and gas industry is in the early innings of the second game of the double-header. first game being spindle top. and that's what makes me so hopeful about the rest of
CNBC
Feb 6, 2013 12:00pm EST
space. >> halliburton. >> an energy name continues to move well, focused higher. i'm more focused on disney acceleration of the story and estimate as to low. film park attractions solid and film studio looks good. goldman sachs is number one in m m & a after advising on the dell transaction. >> anything that's had a great run, you have to make that tough decision whether to hang on to it or get rid of it. what else jumps out? >> one of the other decisions i've been pounding the table for a while, take some off as far as the stock is concerned and buy something to the upside in case there is more and you want to hold them to the next level. we can see it almost every day financials specifically, morg mortga sa sachs. >> i'm bullish on the market and willing to step up to stocks on their highs. >> nobody touchesesttouchesest estee lauder. you can have coach on one side and maybe ralph? anybody surprised at ralph? sn>> i noticed his makeup baguetting baguette i -- makeup bag is getting hard to carry. >> i don't know about that. kidding they've done an outstanding job. >> it's a brand
CNBC
Feb 1, 2013 5:00pm EST
. energy is up 8%, financials up 6%. what do you make of this rally here? >> my worried a little bit. for today, you would have expected the s&p to take a step back in the middle of the day, maybe consolidate. it never did that. since march '09, memories are just too short. the vix now, you could buy some protection, stay long, fully invested and actually feel good about your position. the only worrisome trade i saw was people bought a boatload of vix call -- >> somebody bought the april 2025 call spread, paying 75 cents, 150,000 times, massive trade. it was something that a lot of option traders had their eye on. one more point on the valuation. we talk about tech not participating right here. xlk is up versus those other sectors, 5%, 6%, 8%. tech that is have gone apple, gone par bachlt olic, trading at very stretched multiples and starting to discount future growth. it makes me nervous here when we see stocks like protector, home depot, colgate. >> low volatility means, of course, protection is cheap, enabling a lot of people to stay low in the markets and be willing to give the r
CNBC
Feb 8, 2013 9:00am EST
-- i mean, facebook, there you go -- superdome and energy. unfortunately the nfl has people who are very good engineers who were able to get the two sides to work, and that's why it came back. >> goodell also said, don't count new orleans out. >> coin star is down by 6.5%. earnings came in. they disappointed. the takeaway that a lot of analysts on the street this morning are making is that they are losing more share to netflix. they got a video streaming service, still in the beta stages. that's not going to help them right now. it's on the way. on the way may be too late. we're seeing shares under pressure. >> headwinds there, obviously, from the -- there's a couple of things, the dvd comps continue to show. netflix did pick up 2 million people. they came from somewhere. i think that this is a story where they try to put the best face possible on it. i don't think they succeeded. >> yeah. >> google, quit note here from morgan stanley, adding it to the best ideas list. target goes to 932. youtube, the most underappreciated, a sliver of the tv span, if they get it in the next seven y
CNBC
Feb 1, 2013 12:00pm EST
think this is off to the races because energy is going to be a focus going forward. the fact that crude oil is holding in much higher than many thought and that it is going higher, that's why i think you own this name. >> all right. so what could be the next leg to take the market higher? >> i think the near term, we've got to pause. the psychological break point generally is in terms of breaking the momentum these big numbers. dow 14,000. s&p 1500. what will get it going is that you'll see first quarter gdp be stronger than people think and you'll see jobs continue to come back. so february should be a strong jobs number and i think you see corporate spending loosen up and some m & a activity go on. that will get -- >> joe what do you need to see to take the market even higher? >> let's be succint. i don't need to see anything. i saw everything i needed to see today. i told you that yesterday. the jobs report, the revisions were good. european pmis were good. the ism was good. it's a similar situation as to what we had last year. january and february of 2012. first day of februar
CNBC
Feb 7, 2013 2:00pm EST
tracking. one, given sizeable snow across the great lakes combine that with energy from a storm giving thunderstorms and severe weather across the south. both of those meeting up and merging and forming a new storm off the coast as we head throughout the day on friday. so again, here is our first snow system. our clipper coming across into the northeast tomorrow morning. new york cite, we could see snow to start. then change over to rain and crash hard to snow as we have energy from both systems forming a new low, a nor'easter off-shore. and in this position, this storm can really crank on. now in new york city, southern end of the storm. maybe three to six, maybe two to four but places like philadelphia, d.c., you will see snow. nothing in terms of shutting your cities down at all. but then we start heading on towards boston. not just a friday night event. boston is starting friday night and continues into saturday morning. into saturday night. and potentially if this low slows down, which we are thinking it actually might start to do late on saturday, we could see the snow con
CNBC
Feb 5, 2013 6:00pm EST
waste management is doing with the fuel it is a 2016 proposition for them. it the -- the energy situation is tempered by one thing, the white house, so many of the key stone pipeline, there is the president's true colors, there shows there may be no fossil future blessing for everything. i don't want to detract from the optimism all over the place. the hope that is republican party starts talking business. then there is a chance, they don't feel post-fiscal cliff, they don't feel washington is the enemy anywhere. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats.
CNBC
Feb 5, 2013 11:00pm EST
management is doing with the fuel. it is a 2016 proposition for them. the energy situation is tempered by one thing, the intransigent white house, so many of the keystone pipeline, there is the president's true colors, there shows there may be no fossil fuel blessing for everything. i don't want to detract from the optimism all over the place. the hope is that republican party starts talking business. then there is a chance, they don't feel post-fiscal cliff, that washington is the enemy anymore.
CNBC
Feb 3, 2013 11:00pm EST
prices, and then relentlessly cutting costs, that according to matt simmons, chairman of a major energy investment banking firm. >> their reputation as what a fabulous company they were got created because they made more money than anyone else did on old assets. >> and did they do that by cutting costs? >> well, they had to. but i don't think it was obvious to anybody until now. you look back with the benefit of hindsight. they obviously cut way too many costs. >> couldn't you argue that bp had to cut costs in order to stay profitable, in order to stay in business? >> absolutely, but then the question becomes, at what point do you basically go beyond normal cost-cutting and you're in to reckless behavior? >> but bp's senior executive in charge of refineries, john manzoni, denies that. he told lawyers in this deposition that budget cuts never compromised the safety of bp's employees. >> i don't believe it's the case ever that we short-changed budgets on safety issues. >> if in this trial someone says that bp puts profits over the safety of its people, what would be your response to that?
CNBC
Feb 8, 2013 4:00am EST
associated with there. even amid this low energy type trade, we're seeing conviction to the upside. it's tough to be short sided position. >> you're not phased by the first weekly loss this year, ben? >> no, no. you know, we have some key levels of support that are still intact right now. really, ross, the bewildering aspect of this company has been that there's such limited activity on the south side of the players. any down side of the activity has been met on the buy side of players. really, again, there's been limited energy to the down side, limited follow through and participation has been extremely limited, as well. again, as i mentioned, it's not like we're screaming higher. if you look at the broader based markets, we continue that pace head higher. they seem to have established comfort and value at those areas. right now, it seems like we're waiting for some sort of news, some sort of catalyst to break us out of this range. i think you have to give the benefit of the doubt to the bulls. >> wow. ben lichtenstein there from tradersaudio.com out of chicago. >> thank you very much.
CNBC
Feb 8, 2013 7:00pm EST
murmurs ] hey! ♪ [ howls ] ♪ barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." all right, the nomination of chuck hagel as defense secretary is in a heap of trouble. in fact, his uphill battle is looking so steep it might be better if he just bowed out. now let's welcome back our panel. we welcome to the show joel pollack. he's the editor in chief at -- who's been covering this story in some detail. some senators are holding up the confirmation vote until hagel complies with their request for more financial disclosure information. in particular, foreign financial disclosure information. is he going to do it or not? >> i don't think he will. because he has too much at stake in the other institutions he's involved with, particularly the atlantic council. and there are s
CNBC
Feb 1, 2013 7:00pm EST
payroll taxes and consumer taxes, car sales are very about. housing improvement. the energy boom is one of the most outstanding parts of this economy. we may even be seeing a comeback in capital goods business investment, durable goods, factory orders and all that. so maybe we're underestimating the great american economic machine. i know washington's gone wrong. but maybe the internals of the economy are better than we think. >> well, i'm not going to underestimate the private sector. and i'll tell you, one big advantage this economy has right now, we talk a lot about what the economy did in the '80s, that the profit sector is in much, much better shape than it was back coming out of that recession '81, '82. there still had to be a lot of restructuring, there's a lot of inefficiency from the 1970s. so we're starting with a much healthier private sector. i really think that's, we still have some good demand coming from outside the united states. we have china and all things -- we're not worried about the china hard landing. we're not worried about the debt ceiling crisis. we're not worried
CNBC
Feb 4, 2013 4:00pm EST
effected are very personal. meals on weals, head start, low income energy. and so to relieve that pressure there will hopefully be a sense in congress and the president that they've got to look where the problem is. entitle accounts. >> maria -- >> go ahead. final word. >> raise the ceiling on income subjective social security. i didn't hear that among the senator's possibilities, but i think that's very, very important. >> actually we did that in the simpson bowles bill as you probably know. that was part of our bill. >> but it has to be enacted. >> we'd love to have the president enact it. it was his commission. >> great point. we'll see you soon. appreciate your time tonight. >>> up next, banner day for clorox. hitting a record high. the ceo will speak with me about the bright outlook after the break. >>> then later trying to turn off the profits. wait until you hear what they're saying about the most expensive musical ever made. don't miss my new documentary tonight betting big on broadway. that's tonight. back in a moment. i'm only in my 60's... i've got a nice long life ahea
CNBC
Feb 7, 2013 1:00pm EST
energy at all and we are sitting near several week lows here on amazon. i'm not saying it is a problem but it is looking topee. >> certainly. yeah. thank you, bob. see you later. >> let's go uptown and head to the nasdaq. seema mody is following big movers over there. >> apple shares bucking the downward trend and equities. we are seeing the stock up about .1%. einhorn of greenlight capital saying apple should use its cash. speaking of allocations strategy, apple outperforming the average dividend yield on the s&p 500. according to wisdom tree, apple needs to increase dividend by 5% to become the largest dividend payer in the united states. let's move on to blackberry. shares approaching 52-week after after thumb's up at w fargo. lastly another space to track, indian tech. those stocks in focus. two things, first indian's outlook for the year below street expectations. that is putting pressure on adrs but cognizant tech, with an up tick in demand from european client. interesting. tyler, back to you. >> thank you. >>> how do you stay relevant in a fast changing world moving from pcs an
CNBC
Feb 8, 2013 12:00pm EST
japanese are a little bit concerned about the yen weakening too fast is they have to pay for their energy bills with oil prices rising. they're playing this balance between making the yen weak enough for exports but not so weak that it's going to hurt their manufacturing basis. they want to see it around 90, 94 at this level and then see it come back down. i want to be a seller a 92 with a stop around 93.50. first stargtarget, 91.50. if it breaks 92, a lot of the long-term longs are going to start panicking and you're going to see stop/losses triggered to the downside. very much a correction in the near term. >> we did dollar/yen here. give me a read on whether the euro goes from here? >> last week, remember, i was bearish euro. and it worked out very well. we had the same kind of situation where draghi came on the wires and basically was much -- didn't overtly say he wanted a weak euro but covertly said it. i think euro is a sell in the rallies right now. they need to show the world that the eurozone is going to sustainably recover in order for the euro to run up. it's too high for the f
CNBC
Feb 7, 2013 4:00pm EST
europe's sectors. big leaders and housing stocks, biotech stocks and materials and energy all weak throughout the day. how about some of the retailers. pretty good numbers from the retailers considering there was a lot of discounting going on. gap raised their guidance. profit taking for some concerns for february overall. macy's also had very good newspaper and raised their estimates as well. did you so the new jersey casinos. a legalized gambling an line bill was vetoed. zynga went up, boyd went up. and finally all this anxiety about whether we're at a market top but it doesn't amount to much. look at this. a complete roller coaster ride on the vix. intraday, spike up and end right where we started early in the day. back to you. . >> my next guest is not big on the stock market and is also very bearish on government bonds. what does jim rogers like right now? he joins me to talk investment plays and has a new book out called "street smarts." good to have you on the program. >> delighted to be here. you were talking before, it's all artificial what's going on. the federal reserve
CNBC
Feb 5, 2013 4:00am EST
wondered if there was a little bit of snacking going on. >> the important thing is to keep one's energy lefs up. >> that's right. >> should we look for a sponsorship from a goo company or something. in any case, difficulty over here. we don't have a lot of time on the breaks. >> earlier in the show, we asked you about ratings agencies and whether you always trust their decisions. slade in alaska says he does the opposite of what credit ratings recommend because they're so far behind the curve. >> joey from indiana says credit ratings are now too stringent. >> yep. not a lot of faith necessarily in those firms. we mentioned competitiveness. we're talking about immigration reform at the white house. joining us on the table is now roger dafen. just around the corner from us here in london. thank you for coming by. >> pleasure. >> do you agree with what the white house is saying and what a lot of these ceos seem to be saying which is that the country is suffering a lack of competitiveness because of the lack of immigration policy? is this the next issue on the agenda? >> i think it's one of
CNBC
Feb 1, 2013 4:00am EST
taken a long time and it's taken the energy of people very high up in the company, including the ceo, to try to make this transition work. the interesting thing is, if it doesn't, does he want to spend the next year or so trying to get this transaction through? it's going to be very tough. >> yeah. i mean, exactly. as you say, it would be tough. if he doesn't get his transaction through, how can they replace the lost business? what would the likely strategy be sthp. >> well, he has a few options. and that is the first you line up another buyer. now, $8.5 billion in the stock, you know, continually going up, that's not exactly an easy thing. the other thing is, you can't sell down 85.billion in the market. you do it in chunks. that's an option, as well. in each case, it could take some time. >> yeah. how do we see the future development of financial services here in china? are you going to be -- you know, are companies ever going to be allowed some riflely unfettered access? >> products sold in china, products sold overseas. in the end, they turned out to be very good investments. the
CNBC
Feb 6, 2013 1:00pm EST
, pretty steady this hour. energy has been the leading sector in this recent rally. so are these still -- these stocks still a hot play or are they too hot to handle now? if you thought profits were the thing that is the only thing that ceos cared about, think again. we will tell what you is keeping top guys and girls up at night. my partner sue is up at the stock exchange. sue? >> hi, ty. money-losing u.s. postal service is ending saturday delivery of first class mail. all in an effort to trim costs. postmaster general speaking to cnbc about the move and ramifications for you and for business. pearson is in washington with the plan and political fall out. hampton, you're up first. >> losing about $36 million a day, cutting saturday first class delivery will save about $2 billion a year. it is really the best short term option right now for the postal service with losing $16 billion last year np in the past, congressman dated six day service. but right now, because the government is running on a temporary continuing resolution, that is opening the door for the postal service to act. >>
CNBC
Feb 5, 2013 7:00pm EST
where all the energy is going right now. this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr. cantor will join me tomorrow. next up this evening, we had a nice recovery rally in the markets today. but here's what i want to know. what effect will the sequester have on stocks? will it be as dire as some say or might it be bullish. we'll get answers. free market capitalism, the best path to prosperity. free market capitalism says shrink government spending to grow the economy. i'm larry kudlow. we'll be right back. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how hap
CNBC
Feb 4, 2013 7:00pm EST
the nfl at least. >> beyonce meets solyndra. green energy. right away i'm suspicious. >> a few days before the big game the superdome being lauded for efficiency. so efficient they turned off a half the lights for half the game. according to the nfl there was an abnormality like a power surge and a breaker kicked in. they knew what it was quickly. it takes a while to restart it because generators kicked in. if it was all dark it would have been difficult. everyone was calm. the game was delayed 34 minutes. it was just an embarrassment at best. we don't know exactly what happened. we didn't get a lot of information. >> thankfully it didn't go all dark. that would have been a disaster. that's good. boomer esiason, analyst and former mvp of the nfl, said during rehearsals last week on two occasions beyonce blew out the electricity. >> he said that. >> he said it today, all over the place. >> the other thing. >> he's a smart guy. it's beyonce meets solyndra. >> i spent three days and i was surprised how much of the infrastructure wasn't finished by thursday. they were still constructing
CNBC
Feb 4, 2013 5:00pm EST
. it's p.e. expansion on the more cyclical parts of the economy. if you look at energy materials, industrials, officialfinancials trade at lower p.e.s, and we think it's not that bad. >> once we hit 1600, barry, you think that is going to be the top in the markets for 2013, is that correct? >> we don't know for sure if that's going to be the top. that's our full-year target. we thought it would be hit in the first half. we'll have to reassess things. i do think the fed is running red hot. they're going to continue with q.e. we have to watch gasoline prices and the q.e. and the effect on the dollar. there are a lot of moving parts. but overall, we're pretty pleased and we would buy on these dips. >> barry, if it's been a hunt for return and that's why the market -- bonds, money is coming into equity money, why have we not seen utilities act accordingly or reversion to the mean, i should say, and do you see that coming back in or do you see utilities being out of favor for extended periods of time? >> you know, i noticed that after the budget deal was struck, the telco services and
CNBC
Feb 8, 2013 2:00pm EST
of this deck of cards is what is going on in the energy complex. such a radically different energy picture now that america has found fracking. whether it is environmentally safe or not is another issue. but what that will do on a global basis, there is even reports at cnbc.com that we can could be energy independent over the next decade. that is huge and a macro theme that companies won't ignore. it'll allow them to onshore manufacturing and they will spend money to absolutely. we talk about u.s. stocks and i see in your notes you favor emerging markets and european stocks over the u.s. if you do go for the u.s., make sure they have good international exposure. >> yeah. we are having a good earnings season domestically right now. one of the things we are paying atension to is the fact that those u.s. companies generating a significant portion of the revenues from overseas, those are the companies carrying weight as oppose to companies generating most revenues here domestically. beyond that, yes, we like eurozone stocks. we think the best place for us to make money for our clients
CNBC
Feb 4, 2013 6:00am EST
since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes were headed for lebanon. you can see right now, crude oil prices down by about 11%. 96.85. and, steve, i'll send it over to you. >> we'll talk to boeing about compensation for the grounding of the dreamliner. it estimates it will cost nearly $8el million through tend of march. barclay's finance director chris lucas and the bank's top legal expert are set to retire. the departures add to change at the top as the financial giant struggles to put disasters behind it. resimple in moment will officially become blackberry today. the rim name doesn't completely disappear until shareholders approve the change at the annual meeting which usually takes place in july, andrew. >> if you went to sleep after halftime at the super bowl last night, you missed a lot and i mean a lot because i thought
CNBC
Jan 31, 2013 7:00pm EST
board cuts. i'd go across the board so much, i'd go commerce, labor, education, interior, energy. are you kidding me? i would slash everything. i would take out at least a quarter. at least a quarter. i don't care, sequester, i don't even know what it means. what i know is let's get rid of these goofy departments that are bankrupting america. what's your take on that? >> well, got to disagree with you. >> oh. [ laughter ] >> i think that there's certainly a time and place for cuts. as you say earlier, it's usually when the economy is working a little bit better than it is now. i think if you look back historically, the best time for cuts is back to trend growth, which is 3%, not the 2% economy that we're in now. i'll tell you, i just came last week from the world economic forum, one of the big conversation threads there was that we don't want to be europe. europe has gone too far with austerity. and you might say well that's a liberal point of view. but i'll tell you, the american enterprise institute came out with a report this week saying we should take lessons from overseas. w
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